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watutalkinboutyesterday at 8:28 PM1 replyview on HN

No.

You are assuming that the money that I buy the sweet shop for is what I evaluate the value of the sweet shop to be worth. That's not necessarily true.

You're also assuming I'm not insane.

If I offer to buy an apple from you for 1 trillion dollars because I believe consuming that specific apple will make me a god, that apple is not actually worth 1 trillion dollars.


Replies

paxysyesterday at 8:32 PM

Items don’t have an inherent “worth”.

If I have an apple and you agree to buy it for $1T, then the apple is indeed worth $1T at that moment.

After the purchase is complete it is worth ~$0, or whatever the next person is willing to pay you for it.

Alternatively you can say “it is still worth $1T to me” and that would be true as well.

When we are specifically talking about companies, their value is where buyers meet sellers in the order book.

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